Quest Diagnostics 2013 Annual Report Download - page 101

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F- 29
Intangible assets at December 31, 2013 and 2012 consisted of the following:
Weighted
Average
Amort-
ization
Period
(Years) December 31, 2013 December 31, 2012
Cost
Accumulated
Amortization Net Cost
Accumulated
Amortization Net
Amortizing intangible assets:
Customer-related
intangibles 18 $ 670 $ (210) $ 460 $ 567 $ (173) $ 394
Non-compete
agreements 4 43 (27) 16 38 (17)21
Technology 14 119 (28) 91 131 (25) 106
Other 8 141 (57) 84 142 (38) 104
Total 16 973 (322) 651 878 (253) 625
Intangible assets not subject to
amortization:
Tradenames 244 — 244 246 — 246
Other 1—11—1
Total intangible
assets $ 1,218 $ (322) $ 896 $ 1,125 $ (253) $ 872
Amortization expense related to intangible assets was $79 million, $75 million and $61 million for the years ended
December 31, 2013, 2012 and 2011, respectively.
The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years
and thereafter as of December 31, 2013 is as follows:
Year Ending December 31,
2014 $ 77
2015 66
2016 60
2017 57
2018 50
Thereafter 341
Total $ 651
For the year ended December 31, 2013, intangible assets associated with the sale of Enterix with a net book value of
$6 million (original cost of $14 million and accumulated amortization of $8 million) were written-off. For further details
regarding the sale of Enterix, see Note 6. In December 2012, $219 million of goodwill and $111 million of intangible assets,
net were reclassified to non-current assets held for sale in the consolidated balance sheets. For further discussion regarding
assets held for sale, see Note 19.
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
(in millions unless otherwise indicated)